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Singapore shares open higher after continued Wall Street gains

SINGAPORE share prices opened higher on Friday with the Straits Times Index up 5.56 points to 2,793.18 as at 9.01am, following a three-day streak of gains on Wall Street. The CBOE Volatility Index or VIX, which reflects the level of short-term volatility by charting S&P 500 stock index option prices, has reached its lowest so far this year.

Top gainers in early-morning trade included DBS, Keppel Corporation and Singapore Exchange.

Some 52.3 million shares worth S$64 million changed hands, with gainers outnumbering losers 100 to 25.